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The fiduciary duty of publicly-traded corporations is to maximize True Shareholder Value. A shareholder is an individual (or company) who legally owns a share of a company. Shareholder value is the cash-in-hand value to a particular shareholder of anything that can be valued regarding the company (the company itself, a division of the company, a project, etc.). It is uniquely determined by a state of information and that particular shareholder’s current situation, portfolio, and risk/reward profile.
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09/26/2008 |
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